Key data

Economic Kpis €/mln 2010 2011 2012 2013D 2014D 2015
Group Revenues 4,848 5,655 6,072 6,061 6,018 6,310
Consumer Revenues 3,300 3,926 4,420 4,479 4,610 5,048
Industrial Revenues 1,472 1,676 1,612 1,552 1,397 1,253
             
Premium*Revenues 1,448 1,716 2,075 2,274 2,536 3,017
% on Consumer Revenues 44% 44% 47% 51% 55% 60%
             
Group EBITDA Before Restr. Costs 654 835 1,103 1,095 1,168 1,243
Consumer EBITDA Before Restr. Costs 488 669 871 840 935 1,084
Industrial EBITDA Before Restr. Costs 196 206 256 280 242 165
             
Group EBITDA Margin Before Restr. Costs 13.5% 14.8% 18.2% 18.1% 19.4% 19.7%
Consumer EBITDA Margin Before Restr. Costs 14.8% 17.1% 19.7% 18.7% 20.3% 21.5%
Industrial EBITDA Margin Before Restr. Costs 13.3% 12.3% 15.9% 18.1% 17.3% 13.2%
             
Group EBIT Before Restr. Costs 433 610 832 810 869 919
Consumer EBIT Before Restr. Costs 335 507 664 612 697 816
Industrial EBIT Before Restr. Costs 142 155 196 227 183 111
             
Group EBIT Margin Before Restr. Costs 8.9% 10.8% 13.7% 13.4% 14.4% 14.6%
Consumer EBIT Margin Before Restr. Costs 10.1% 12.9% 15.0% 13.7% 15.1% 16.2%
Industrial EBIT Marging Before Restr. Costs 9.6% 9.3% 12.1% 14.6% 13.1% 8.8%
             
Net Income Before Disc. Operations 228 313 392 304 315 (369)
Net Income 4 441 392 306 333 (384)
Attributable Net Income 22 452 387 304 319 (391)
EPS € 0.04 0.93 0.79 0.62 0.65 (0.80)
Net Income AdjustedA         315 298
Dividend Per Share (Ordinary) € 0.17 0.27 0.32 0.32 0.37 0.00
Dividend Per Share (Risp) € 0.23 0.34 0.39 0.39 0.43 0.00
Dividend Pay Out on Group Net Income Adj.E 93% 40% 40% 43% 41% n.m.
             
R&D expenses [€/mln) 150 170 179 199 206 214
% on Revenues 3% 3% 3% 3% 3% 3%
% on Premium Revenues 7% 7% 7% 7% 7% 7%
             
Capex 439 626 471 413 378 391
% on sales 9% 11% 8% 7% 6% 6%
Consumer Capacity (mln pcs) 56 59 68 70 72 75
% Premium Capacity 34% 37% 40% 48% 52% 54%
Industrial Capacity (mln pcs) 5.8 5.9 6.3 6.2 6.3 6.3
Net Cash Flow Before Dividends and Acquisitions/ Disposals 153 (115) (59) 232 312 192
% on Sales 3% n.m. n.m 4% 5% 3%
             
Net Invested Capital 3,281 3,727 4,427 4,455 4,273.1 4,089.9
Net Debt 456 737 1,205 1,322 980 1,119
Net Debt/Ebitda 0.7x 0.9x 1.1x 1.2x 0.8x 1.0x
Net Debt/Equity - Gearing 22% 34% 50% 54% 38% 51%
Group ROIB 15% 19% 22% 20% 22%  
             
Stock Market CapitalisationC 3,011 3,220 4,258 5,570 5,412 7,305
Number of Ordinary Shares (millions) 475.7 475.7 475.7 475.7 475.7 475,7
Number of Savings Shares (millions) 12.3 12.3 12.3 12.3 12.3 12.3
             
Employees and Society KPIs 2010 2011 2012 2013 2014 2015F
Headcount at end of year 29,573 34,259 37,338 36,142 36,759 36,753
of whom % women in managerial positions 17% 18% 18% 18% 19% 19%
of whom temporary workers 2,426 2,649 2,714 2,443 2,342 1,521
Scope of Pirelli subject to application
of SA8000® reference standard
100% 100% 100% 100% 100% 100%
OHSAS 18001 certified 90% 90% 83% 83% 96% 96%
Accident frequency index 1.6 1.1 0.8 0.6 0.5 0.5
Average number of training days per employee 6.3 6.2 5.1 7.2 8.2 8.3
ISO 9001 certified Tyre operating facilities 100% 100% 100% 100% 100% 100%
Whistleblowing reports 1 2 8 11 23 18
Number of independent audits on suppliers’ sustainability 46 56 62 62 78 93
Gross global added value (€/mln) 1,496 1,918 2,211 2,218 2,296 2,436
of which contributions to the external community (€/mln) 3.6 5.1 5.3 5.5 6.6 7.6
             
Environment KPIs 2010 2011 2012 2013 2014 2015F
Energy specific consumption [GJ / tonFP] 14.57 14.65 14.86 13.25 12.88 13.24
CO2 equivalents specific emission [ton/tonFP] 1.05 1.04 1.11 0.97 0.95 0.98
Water specific withdrawal [m3/tonFP] 16.2 15.0 16.5 13.9 11.2 11
Waste specific production [kg/tonFP] 141 131 152 133 120 121
Waste recovery 66% 69% 76% 85% 90% 91%
ISO 14001 certified Tyre operating facilities 100% 100% 100% 96% 100% 100%
Green Performance Revenues n.a 34.9% 39.7% 43.1% 45.7% 48.0%

Last revised: 31 Lug 2015

* Premium Car: tyres with rim size of 17 inches and above; Premium Moto: Radial tyres and Custom Touring, Off Road and Sport Touring X-ply tyres with speed index ≥ H.
A Excluding Venezuela deconsolidation impact, tax assets devaluation and discontinued operations
B ROI: without financial assets, before restructuring costs. 2012 trend discounts the different consolidation perimeter
C Stock market capitalization, December average in €/mln 
D Restated figures with Steelcord among discontinued operations
E 2010 data based on parent company Net Income
F Including Venezuela, deconsolidated as at 12/31/16